EC Sourcing Group

SEPTEMBER 7, 2021

The broader picture beyond procurement is the supply chain, as procurement (or purchasing) is just one step in the supply chain. . As there are many steps in the supply chain, there are many steps in procurement and procurement management. Opting to use Vendor Managed Inventory (VMI) services to help reduce overspend.

Analysis 52

Analysis Material Savings Manufacturing Procurement Supply Chain Software 52

EC Sourcing Group

SEPTEMBER 15, 2020

Once upon a time, companies had to manage purchasing departments and procurement management as though it was the Dark Ages. Today, the procurement management process doesn’t look like that at all, and you have easy procurement software and procurement tracking software to help you along the way. . Inventory maintenance.

Procurement Solutions 52

Procurement Solutions Procurement Analytics Optimal Sourcing Vendor Strategies 52

EC Sourcing Group

JULY 26, 2022

Here are some types to consider: CPO Cockpit: Chief procurement officers acquire goods and services and use workflow management systems to meet a company’s organizational goals while reducing costs and increasing profit. This detailed, relevant data creates savings opportunities while streamlining and prioritizing sourcing events.

Optimal Sourcing 52

Optimal Sourcing Analytics Software Predictive Analytics Sourcing Strategies 52

EC Sourcing Group

OCTOBER 6, 2020

At one time, all of the steps for procurement management were completed by hand. When a procurement software platform was available, it was just a spreadsheet as part of an overall word processing package. Read on to learn more about how to choose the best procurement software and more about what procurement software is.

Procurement Solutions 40

Procurement Solutions Modeling Software Procurement Software 40

EC Sourcing Group

DECEMBER 17, 2018

Agreed to Net 45 payment terms based on inventory pull – the company had previously paid 50% six months in advance for each order. The last point demonstrates the benefit of hiring people that understand procurement and what can be negotiated. Most people in procurement dislike change. A disaster turned into a huge success.

Manufacturing Procurement 40

Manufacturing Procurement Negotiating Skills Negotiate Pricing Quality 40

EC Sourcing Group

JANUARY 12, 2023

Procurement success is defined by the outcomes. Spend Visibility is the foundation of any mature procurement function because it identifies inefficiencies and areas of opportunity that lead to better decision-making and ultimately, better outcomes. The path to your desired outcomes may seem tricky, but Simfoni can help.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 52

EC Sourcing Group

MAY 17, 2022

Your supply chain is the backbone of your business, no matter what role you play in purchasing and procurement. eSourcing is one step of the supply chain process that will streamline your procurement processes and improve relationships with suppliers. Global supply chain optimization requires solid supply chain management (SCM).

Optimal Sourcing 52

Optimal Sourcing Optimization Software Supply Chain Optimization Supply Chain Software 52

EC Sourcing Group

MARCH 25, 2019

For many mid-size companies, indirect spend is killing their bottom line and derailing their efforts to implement strategic sourcing. Knowing that there are issues and opportunities but lacking the staff and time to drive change tops the list of frustrations for procurement professionals I speak with weekly.

Negotiating Skills 45

Negotiating Skills Purchasing Skills Manufacturing Procurement Expense Reduction 45